AI-driven document extraction and management vendor LEVERTON has promoted Abhinav ‘Abe’ Somani to chief revenue officer and Richard Belgrave as head of Europe as the company, which counts Clifford Chance and Baker McKenzie as clients, anticipates “significant growth” on the Continent.
Somani and Belgrave, who joined LEVERTON in 2016 and have been responsible for leading teams in the US and the UK regions respectively, will be working towards building a global platform. The two will continue in their current roles, in addition to taking on their new responsibilities. The pair will work closely with Dan Wucherpfennig, chief operating officer, and Florian Kuhlmann, chief technology officer at LEVERTON.
LEVERTON develops and applies deep learning technologies to extract, structure and manage data from corporate documents in more than 20 languages. Clients also include Deutsche Bank, Goldman Sachs, and JLL. In July the Berlin-founded company secured funding of up to €10m with DAH Beteiligungs GmbH and Anyon Holding GmbH, as part of which Wucherpfennig, formerly product management director, took on the COO role.
Speaking of Somani, who is based in New York and previously worked as VP business development at smartShift Technologies, LEVERTON founder Emilio Matthaei said: “We are very delighted to have Abe join the executive team and bring his years of financial and entrepreneurial experience to the firm. Aligning with LEVERTON’s focus on real estate, legal and accounting lease abstraction, Abe’s global perspective, sector expertise and his deep relations with clients and partners will accelerate our expansion plans. His background is perfectly suited to help us scale and advance our mission to build an efficient platform for structured data and document management globally.”
He said of Belgrave, who is based in London and joined LEVERTON from Cabot Financial: “Richard has been instrumental in running our UK business over the past year and we are pleased that he will now assume the important role of leading our European operations. He brings with him many years of professional experience and is truly appreciated by our clients. His appointment further demonstrates our commitment to putting the best talent in leadership roles to support our position across the continent.”